Solv Protocol

Jupiter

Bitcoin

when

Solv Protocol is preparing to launch an “onchain MicroStrategy” to bring yield-bearing Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) reserves to decentralized finance (DeFi), Solv’s co-founder Ryan Chow said in a Nov. 29 X post.
“We’re building the first-ever On-Chain MicroStrategy — a transparent, permissionless platform that transforms Bitcoin from a passive store of value into an active financial powerhouse,” Chow <a data-ct-non-breakable="null" href="https://x.com/RyanChow_DeFi/status/1862129410465468690" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/RyanChow_DeFi/status/1862129410465468690">said</a>.
According to Chow, Solv aims to build a strategically managed “Bitcoin reserve that not only preserves wealth but generates yield and amplifies returns.”
He didn’t specify precisely how Solv intended to achieve this goal. 
Solv is a Bitcoin staking platform offering numerous yield strategies across over half a dozen blockchain networks. 
It generates yield by staking BTC to Bitcoin layer-2s, including Babylon and CoreChain, as well as DeFi protocols, such as Jupiter and Ethena.
Solv currently oversees more than $3 billion in total value locked (TVL), <a data-ct-non-breakable="null" href="https://defillama.com/protocol/solv-protocol" rel="nofollow noopener" target="_blank" text="null" title="https://defillama.com/protocol/solv-protocol">according</a> to DefiLlama.
<figure>
 <img alt="Solv to launch ‘onchain MicroStrategy’" src="https://s3.cointelegraph.com/uploads/2024-11/01937982-6176-7fdd-85be-62c2fee174d5" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://app.solv.finance/staking" rel="nofollow noopener" target="_blank" text="null" title="https://app.solv.finance/staking">Solv Protocol</a>
 </figcaption>
</figure>
<h2 id="microstrategy-s-bitcoin-buying-spree">MicroStrategy’s Bitcoin buying spree</h2>
MicroStrategy is a business intelligence firm that became a de-facto Bitcoin hedge fund in 2020 when chairman Michael Saylor initiated an ambitious BTC buying strategy. 
It has been one of the best-performing stocks in 2024, with MSTR shares up more than 450% in the year-to-date, according to data from Google Finance. 
During its Aug. 1 earnings call, MicroStrategy doubled down on BTC buying by committing to a unique performance metric: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-on-steroids-why-is-mstr-stock-trading-at-a-premium" rel="null" target="null" text="null" title="https://cointelegraph.com/news/bitcoin-on-steroids-why-is-mstr-stock-trading-at-a-premium">Bitcoin yield</a>.
Bitcoin yield measures the ratio of BTC holdings to outstanding shares and effectively sets BTC-per-share as a lodestar for corporate performance.
<figure>
 <img alt="Solv to launch ‘onchain MicroStrategy’" src="https://s3.cointelegraph.com/uploads/2024-11/01937984-c0a9-7885-9a22-bea0e8d293be" title="">
 <figcaption style="text-align: center;">
 Source: MicroStrategy
 </figcaption>
</figure>
MicroStrategy aims to leverage its balance sheet — mainly by borrowing or issuing shares— to accumulate Bitcoin in a way that gradually increases its BTC-per-share ratio, benefiting shareholders.
On Oct. 30, MicroStrategy <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/microstrategy-bitcoin-bet-bullish-shareholders-analyst" rel="" target="_self" text="null" title="https://cointelegraph.com/news/microstrategy-bitcoin-bet-bullish-shareholders-analyst">tipped plans</a> to raise $21 billion in equity and another $21 billion in debt to fund a three-year, multibillion-dollar BTC buying spree dubbed the “21/21 Plan.”
Benchmark analyst Mark Palmer predicts MicroStrategy will generate a Bitcoin yield of 12.7% in 2025. 
MicroStrategy has “turned Bitcoin into more than a reserve—it’s a catalyst for explosive growth,” Chow said. 
Its success has “redefined what’s possible for institutional Bitcoin reserves,” he added. 
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ai-drone-hellscape-plan-for-taiwan-llms-too-dumb-to-destroy-humanity-ai-eye/" rel="null" target="null" text="null" title="https://cointelegraph.com/magazine/ai-drone-hellscape-plan-for-taiwan-llms-too-dumb-to-destroy-humanity-ai-eye/">AI drone ‘hellscape’ plan for Taiwan, LLMs too dumb to destroy humanity: AI Eye</a>

Solv to launch ‘onchain MicroStrategy’

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